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Saudi king approves hosting U.S. troops to enhance regional security: SPA

From reuters.com

Saudi Arabia’s King Salman approved hosting U.S. forces in the country to boost regional security and stability, the state news agency (SPA) reported on Friday. The U.S. Defense Department confirmed the move in a statement, saying it would deploy troops and resources to Saudi Arabia to “provide an additional deterrent” in the face of “emergent, credible threats.” The gesture comes amid rising tensions between Washington and Tehran in the Gulf that have impacted global oil markets. [O/R] On Friday, Iran said it had seized a British oil tanker in the Strait of Hormuz, but denied Washington’s assertion that the U.S. ... (full story)

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  • Category: Fundamental Analysis